Weaker Buy Today WEC ranks #371 as BUY CANDIDATE. Stronger Buy
Today WEC ranks #371 as BUY CANDIDATE.

WEC stock WEC Energy Group Inc

WEC stock
WEC Energy Group Inc

22 January 2019
Change 0.21%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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WEC Energy Group Inc Stock Analysis

Technical stock analysis for 22 January 2019

Buy candidate since 2019-01-22
Shorts 5.55% ( 2018-12-31 )
Cash 38.9 mill
Loans 11 033.3 mill
Beta 0.13
ROA 4.05

WEC Energy Group Inc gained 0.21% in the last trading day, rising from $70.86 to $71.01 The price has risen in 6 of the last 10 days and is up by 4.5% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.15 million more shares were traded than the day before. In total, 1.29 million shares bought and sold for approximately $91.86 million.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the WEC stock was $71.01. This is 0.21% more than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 1.73% from a day low at $70.32 to a day high of $71.54.

30 day high of the WEC stock price was $72.03 and low was $66.75.
90 day high was $75.48 and low was $66.46.
52 week high for the WEC Energy Group Inc - $75.48 and low - $58.48.

Trend

Given the current horizontal trend you can expect WEC Energy Group Inc with 90% probability to be traded between $67.10 and $75.04 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Only positive signals in the chart today. WEC Energy Group Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $70.15 and $70.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 02, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

WEC Energy Group Inc finds support from accumulated volume at $68.89.

Support: $68.89 Price: $71.01 Resistance: $71.44

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.22 (1.73%) between high and low. For the last week, the stock has had a daily average volatility of 1.66%.

Our recommended stoploss: $67.25 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 13 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today WEC ranks #371 as BUY CANDIDATE. Stronger Buy
Today WEC ranks #371 as BUY CANDIDATE.